The College of Business offers the Master of Business Administration (MBA), Master of Accountancy (MAcc), Master of Arts in Economics (MAEcon), and Master of Science in Experimental Statistics (MSEstat) as well as a doctoral program in business administration with concentrations in management and marketing. Other programs include cooperative programs with major local companies and government agencies, foreign exchange with 2 countries, and joint research. The strongest areas of study are accounting, business computer systems, and finance. The most popular courses are in management and marketing. Regular programs bring distinguished speakers and visiting professors to campus.
Thirty total credits are required to complete the MBA, including 0 elective credits. Required courses include:
- Managerial Accounting
- Professional Paper and Presentation
- Business Information Systems
- Legal Environment of Business
- Managerial Economics
- Financial Statement Analysis
- Financial Management
- Operations Management
- Organizational Behavior and Management Process
- Quantitative Analysis for Business Decisions
- Strategic Management
- Marketing Management
Required courses for the MAcc include:
- 15 credits of accounting determined through the advising process
Required courses for the MAEcon include:
- Microeconomic Theory
- Macroeconomic Theory
Required courses for the MSEstat include:
- 2 semesters of statistical theory
- 2 semesters of linear models
- 4 hours of statistics consulting practicum
Up to 12 semester hours of specific graduate coursework completed at an AACSB accredited school may be transferred in, and up to 6 hours may be transferred from a non-AACSB school.
Business students may take relevant nonbusiness courses in other departments. The minimum time permitted to complete the master’s degree program attending full time is 1 year; maximum, 7 years. For students attending part time, the minimum is 2 years; maximum, 7 years.
In a recent year, there are 69 total full-time graduate business faculty, all of whom held a doctorate; there was 1 part-time faculty member, who held a doctorate. Faculty salaries are rated well below average for Category I institutions, based on the AAUP rating system. Average number of courses faculty teach is 6.
A bachelor’s degree is required, along with a GPA of 3.25. The formula for using the GPA and GMAT scores is GPA x GMAT, or minimum 1400. Most important admissions factors are academic accomplishments and ability, grades in upper-level courses, and GMAT results. A strong mathematics background is required.
Transfers are accepted. Minority students are actively recruited.
Students may begin the MBA program in the fall, spring, and summer. To apply, students must submit an application form, 2 transcripts, GMAT scores, and a nonrefundable application fee of $30. The application deadlines are June 1 for fall entry; November 1, spring; April 1, summer. Students are notified as early as possible after the deadline of the admissions decision. The latest acceptable test date for fall entry is July.
Stipends and programs available for minority students include including a minority fellowship program. The FAFSA and the previous year’s tax return are required. The application deadline is March 1 for fall entry.
Tuition for in-state residents is $4542 per year. Nonresidents pay $14,172 per year. On-campus room and board costs approximately $6400; books and supplies, $700; personal expenses, $2000; and other fees, $31 to $117, for an estimated annual total of $13,673 for in-state residents and $23,303 for out-of-state residents. Graduate student housing consists of dormitory, apartments, and single family housing available on campus.
Sixty-one percent of a recent graduate business school class were enrolled full time; 55% had an average of 3 years of full-time work experience prior to entering graduate school, a factor preferred by the school. The greatest percentage of students were from New Mexico (59%). Thirty-seven percent were women, 32% were minorities, and 25% were foreign nationals. The average age at entrance was 31; ages ranged from 21 to 57. Forty-five percent entered directly from undergraduate school; 5% already had a graduate degree. Students’ undergraduate majors were as follows: 58%, business; 16%, social sciences; 9%, math and science; 8%, engineering; 6%, agribusiness, university studies; and 4%, economics. About 10% of entering students leave by the end of the first year due to academic or personal reasons; 95% remain to receive their degree.